Bitcoin mining company Cipher Digital secures $200 million in funding to accelerate HPC expansion.

CoinFeed reported on May 5th that, according to Globenewswire, Nasdaq-listed Bitcoin mining company Cipher Digital announced it has secured a $200 million revolving credit facility backed by several global financial institutions. The new funds will be used to enhance liquidity and further expand its AI and HPC data center platform capabilities. In addition, the company reported Q1 revenue of $35 million and completed its third AI data center campus lease agreement in its Q1 earnings report.